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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
SUMMARY OF FAIR VALUE OF FINANCIAL ASSETS

The fair value of these financial assets was determined using the following inputs at March 31, 2020 and September 30, 2019 (in thousands):

 

SUMMARY OF FAIR VALUE OF FINANCIAL ASSETS 

 

   Fair Value Measurements at Reporting Date Using 
   Total  

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

  

Significant

Other

Observable

Inputs

(Level 2)

  

Significant

Unobservable

Inputs

(Level 3)

 
As of March 31, 2020:                    
Equity Securities – Preferred Stock  $4,640   $4,640   $      0   $      0 
Equity Securities – Common Stock   94,393    94,393    0    0 
Mortgage Backed Securities   2    2    0    0 
Total Securities Available for Sale at Fair Value  $99,035   $99,035   $0   $0 
                     
As of September 30, 2019:                    
Equity Securities – Preferred Stock  $13,167   $13,167   $0   $0 
Equity Securities – Common Stock   172,081    172,081    0    0 
Mortgage Backed Securities   2    2    0    0 
Total Securities Available for Sale at Fair Value  $185,250   $185,250   $0   $0